salaryRent is higher than in 84% of U.S. cities. Household incomes are higher than in 92% of U.S. cities. A typical house costs about 9.2 years of household income, so buying is hard for most locals. Commutes are short, about 16.3 minutes. Most homes (80.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $98,320 a year. That is $47 an hour at a full-time job.
Is rent cheaper than other Massachusetts cities?
No. Rent here is more expensive than in most of Massachusetts. It is number 70 of 123 cities from cheapest to most expensive.
How much do households earn in Nantucket?
Share of households by yearly income. 64.5% of households earn $100,000 or more.
Rent by apartment size in Nantucket
| Size | Nantucket | U.S. average |
|---|---|---|
| 1 bedroom | $2,023 | $1,324 |
| 3 bedrooms | $2,450 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Nantucket overall?
Everyday prices in Massachusetts overall are 6% above the U.S. average (index 105.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Nantucket, so the Massachusetts figure is shown.
Taxes and bills in Nantucket
Life in Nantucket
Is it cheaper to rent or buy in Nantucket?
Renting is cheaper right now: about $7,709 a month less.
Owning assumes a typical $1,465,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $146,530 for the down payment.
Frequently asked questions
What is the average rent in Nantucket, MA?
Renting in Nantucket costs a median of about $2,458 a month in 2026, including utilities. The Massachusetts median is $2,331.
How much do I need to make to live in Nantucket?
To keep rent under 30% of income, you need about $98,320 a year, or $47 an hour at a full-time job.
Is Nantucket cheap or expensive?
Nantucket is rated Cheap: rent takes 18.5% of the typical household income of $159,636. It ranks 70th cheapest of 123 Massachusetts cities we track.
How much are property taxes in Nantucket?
The median homeowner in Nantucket pays $3,877 a year in property taxes, about 0.26% of the median home value.
Is Nantucket more expensive than the national average?
Overall prices in Massachusetts are 6% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Nantucket?
The median home value in Nantucket is $1,465,300, about 9.2 times the typical yearly household income.
10,017 people live in Nantucket. Numbers are typical (middle) values.